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Search Results 0 to 49 of about 211 (some duplicates have been removed)
FOX News
Oct 5, 2012 6:00pm PDT
the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to be asked of the obama administration. when you look at the
FOX News
Oct 13, 2012 7:30am PDT
will go up. from the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. af
CNBC
Oct 11, 2012 2:00pm EDT
. if there's a resurgence of the chinese economy prompted by the chinese government, i think dry bulk shipping will come back. those stocks have been beating down to dirt-cheap levels. just recently a lot of reits, especially the mortgage agency reits have been trading below book value on concerns that dividends will be lower. i think if you pick up some of those below 95% of book value, those are cheap as well. >> if you can get them at that price. it is always about the price. neil, blankfein is a buyer of this market. should moms and dads, retail investors, be buyers of this market? i know that we've had a few down days. i know that we're off the multi-year highs but we're not far off. do you think that at these levels mom and dad should be in participateing? >> absolutely. where the money's going over a trillion dollars has going into fixed income products or bond funds in the last year-and-a-half, $3.5 billion has come out of mutual funds, equity funds. you're getting no return in the fixed income market. that's going to be really tragic is if rates do ratchet up, the individual
FOX Business
Oct 10, 2012 4:00pm EDT
saying they're slowing down but a hard landing. stabilizing around here helping out the world economy tremendously but in my opinion still remains to be seen. i am not quite sure, china will hold 7.5% level. sandra: charlie, you see reason to play defense into the upcoming election. in fact, you say there is a way to say if romney wins or if president obama wins. what would that exactly be if there was various outcomes to the election, obviously? >> i think the chances are that capital i believe pretty much on strike for most of this year is going to see the potential for better economy, the first year of any administration doesn't tend to be that good of a year for the market or the economy. the market would definitely see the possibility to come off the sideline in the later part of next year into 2014. your previous guest talking about how a win for obama pretty much has been discounted, but if you see it, it'll be capital sitting on its hands for the next four years. david: if in fact obama wins the election, fiscal cliff is resolved, therefore you think all this cash, we are seei
FOX Business
Oct 7, 2012 8:30am EDT
don't work on this, the whole economy is going to come skidding to a halt. >> and ben, the irony of course the debates focused on the economy and this seems like question he number one. >> i'm floored, charles, i'm glad you brought it up. the sequester is probably as bad an idea as ever come out of congress and the white house. the idea to me in particular, of cutting the defense budget, 5% of the budget, equally, roughly 5% of gdp, very, very roughly, more like 4%. >> right. >> ehe quali with domestic spending is just insanity, it's suicide. if mr. osama bin laden were still alive, he would like us to be doing this. everyone would like us to be disarming unilaterally and it makes no sense at all. >> adam, i've got to say, mitt romney brought up simpson bowles, even though the question was never asked and acknowledging the question something needs to be done. >> he brought up simpson bowles, and either candidate is discussing the fiscal cliff, there isn't much difference between them. a pox on both their houses. >> it's a bipartisan mistake and problem. i don't disagree with what
CNN
Oct 7, 2012 9:00am PDT
, paul is a smart guy. he has committed his life to understanding the problems of our economy, presenting a plan for the american people, so i think that paul is going to do -- going to do a great job, but i also think it's very important for people to understand, and i think people realize that joe biden is a governmented orator, he is very good at rhetoric, and i think is he very relatable so i think it's two different people, and i think it's going to be a great night. >> have you talked to ryan at all about his debate performance, what he needs to do, that whole thing? >> sure. paul is one of my very good friends. i talk to paul all the time about a lot of different things, but i think he is taking it very seriously. sure. i think both parties should be nervous. i mean, it's a big night. it's a big -- it's always going to be a big night. >> do you think it makes a difference? there are a lot of people who say, look, the debates are a side show. it's all about the top guys. do you think that ryan has to keep the momentum going from what was widely seen as a mitt romney win in denver? >
CNN
Oct 13, 2012 3:00pm PDT
in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which for
CNBC
Oct 12, 2012 3:00pm EDT
to higher receipts and lower outlays resulting in part from a stronger economy. also, a statement from treasury secretary tim geithner accompanying the release of these budget details. quote, the president has put forward a balanced proposal to further strengthen the economy and reduce the country's future deficits. it's time for congress to act on those necessary steps to it help sustain economic growth for years to come. of course, to add the fuel to the budget and deficit debate, fiscal cliff, and obviously ahead of next week's all-important debate between president obama and mitt romney. back to you guys. >> it's going to be fodder for our next conversation, i'm thinking. >> absolutely. right now it's not yet moving the markets if it's going to do that at all. >> michael, we were talking earlier that there are signals you see in this market which suggest a correction is coming. tell us what they are. is it the pattern we've seen this week? are some of the fundamentals behind it? in other words, that fight coming over the fiscal cliff related to the news that hampton was just give u
FOX News
Oct 10, 2012 1:00pm PDT
it a cliff but you should have spasms a year ender that could take the whole economy under when all the bush tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession
CNBC
Oct 9, 2012 3:00pm EDT
economy. we'll also be the first to have yum brand results coming up. another key indicator of where this economy and market may be headed. here's where we stand now. a selloff this morning with the dow down 79 points. just kind of bumping along the bottom of the day, now at 13,506. the nasdaq is down 37 points. all these charts will look similar today. 1.2% down on the nasdaq. the s&p is down nine points at 1446. >> it's not a very happy anniversary today for the dow's all-time high. it was five years ago today the dow and s&p 500 hit their all-time closing highs. right now the dow is about 600 points away from that high-water mark. for the year, stocks are still up a solid 15%. why does it feel like it's the most hated bull market in recent memory? the numbers show that main street investors are not on the ride. they have been pulling money out of the stock mutual funds 15 of the last 16 months, putting cash into so-called safer assets, bill. we know that to be bonds. >> yes, we do. in today's "closing bell" exchange, we have larry blazer, peter bookbar, bob, and rick santelli stan
FOX Business
Oct 11, 2012 9:20am EDT
will that be enough to reignite pc sales, right now they're significant a tough economy, the tablet wars and sales in emerging countries are some things weighing on the pc company. >> and that, you see, nicole, windows 8 will make all the difference in the world in the pc market and i'm telling you. >> yeah, i've got muscle, i've got microsoft muscle. i hope for you, stuart. stuart: thank you. dow jones industrials opening with a rally back above 13,400. 57 this morning. to the jobless numbers we brought. the number looks good on surface, 339,000 new claims, down 30,000, a big drop. you have to look deeper, the labor department says one large state didn't report their numbers. that really changes things. this number certainly can't be compared to any previous numbers because that one big state, unnamed, is missing. we'll likely get the real number about a week from today, maybe, when this number may be revised, but why would you put out an incomplete report? i ask you. the newest poll from michigan shows mitt romney tightening the race there. president obama still leads by 6 points, 50-44. michiga
CNBC
Oct 9, 2012 4:00pm EDT
you characterize business the last three months? >> maria, good hearing your voice. the economy really continues to misfire and you see alcoa is really on the business side in high gear. we obviously in this environment focus on the things we can control. we got one thing there, two major issues were overshadowing it a little bit. a civil litigation case we moved out of the way and mediation, which has been pending there since 1989. that's gone. revenues, $5.8 billion. performance is basically paying off. we're hitting profitability highs. in the upstream business, you actually see when you open the hood that there's strong productivity underneath it and that we're adjusting the structure. that pretty much gives an idea of what's happening in the quarter here. >> a couple points, klaus. you mentioned that settlement with alba. is there any reason to believe there's more to come on this whether or not other lawsuits sort of carry on in the next quarter and the next quarter, or can you categorically say this issue is behind? >> well, the civil settlement is behind us. that's one thing. i
CNN
Oct 5, 2012 6:00pm PDT
the election's all about the economy and both men were trading jabs today in the battleground state of virginia. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> when i'm president of the united states, that unemployment rate is going to come down not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create jobs and get america working again. >> let's get right to tonight's big story. with senator john mccain, the arizona senator and former presidential candidate joining me now. welcome to you, senator. >> thank you, piers. >> we are going to come to the debate in a moment. you've been one of the only people who debated both barack obama and mitt romney so you're in a unique place to tell me what you made of the new style romney and indeed, obama. before we get there, though, today's big news on the jobs front. whichever way you spin this from the republican side, this has to be good news not only for the p
FOX Business
Oct 9, 2012 1:00pm EDT
and tensions with iran over nuclear program and the israeli economy. and penske media buying "variety." covering hollywood for more than 100 years and still considered a top industry source. they said they would put it up for sale. the news headlines on the fox business network. lori: inside trading kingpin rajaratnam should follow the example of a lesser-known figure indicate and fled the country. charlie gasparino has the details on the lone fugitive in a massive crackdown on insider trading. >> do you know who he is? he was a moody's analyst, he passed on a tip to the main sort of cooperator in the rajaratnam case. about the pending merger, excuse me, acquisition of hilton hotels. then turned that around and pass it on to raj. when we indicators against raj rajaratnam. whhe was charged for this actio. fled the country, went back to india, nowhere to be found, they cannot extradite him, not trying to extradite him, he is the lone fugitive in this case. rajaratnam has gone publicly and said if i thought i was guilty, could have went to india or my native sri lanka. because they have
CNN
Oct 5, 2012 9:00pm PDT
the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [ applause ] >> when i'm president of the united states -- [ applause ] >> -- that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create more jobs and get america working again. >> let's get right to tonight's big story. we're with john mccain, former presidential candidate, and he joins me now. welcome to you, senator. >> thank you, piers. >> when it comes to the debate, you were one of the only people, actually, who has debated both barack obama and mitt romney, so you are in a unique place to tell me what you made of both of their performance. whatever way you spin this from the republican side, the job front has to be good news not only for the president but also america, but the number has now gone down to 7.8% for the first time since 8% of his presidency. >> i think that's found to be good news, but i also think you have to take it in the context that 7.8% is still u
FOX News
Oct 12, 2012 2:00pm PDT
discussions about libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight. >> it's pretty amazing how often he was interrupting and heckling and laughing and smiling and grimacing and grinning. it's like they put joker juice in the water that he had there on the stage. >> he was so rude. he was so toothy. he was so -- >> tooth -- >> -- overdramatic. rolling his eyes. but on the other hand, it's joe biden. >> i thought joe biden did great and i couldn't be prouder of him. >> andre
CNBC
Oct 9, 2012 6:00am EDT
that the global economy has weakened further and now predicts slower growth for the next year. the advanced economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about the ability of european policymakers who controlle euro crisis, worries about the failure of u.s. policymakers to agree on a fiscal plan. >> as for greece, the imf sees athens missing that five year at the time reduction target that underpins the euro bailout. so they could have problems. and also warning that spain will likely miss its targets in 2012 and 2013 and debt will jump to more than 90% of gdp as it recapitalizes its banking sector. joe. >> i'm looking at an interesting piece on the imf. what got me is that it will slow to 3.3. and what that shows you is the contribution from developing nations. >> china
FOX Business
Oct 12, 2012 11:00am EDT
ryan. our favorite topic is the economy and the question of is it possible to get unemployment under 6%. >> we can and we will get it under 6%. let's take a look at the facts. let's look where we were when we came to office. economy was in free fall. we had the great recession hit. nine million people lost their jobs. 1.7 -- 1$.6 trillion of wealth loss in equity in your home and retirement for the middle-class. >> neil cavuto from fox business. a lot of substance last night but will the debate be remembered for that? neil: i don't think vice presidential debates tend to be. the vice president debating by and large a recent phenomenon. i don't know if it moves the needle. the instant reaction was the vice president won. he got the better of it just because of that. interested the freefall of the president. some of you said that. probably adds pressure to the president now. you have got to deliver in your face game but can the president do that and does it risk for the president to act like that, still kind of in a no-win situation. i got a kick out of the smirk for one thing and paul r
FOX News
Oct 13, 2012 3:00pm PDT
of the united states has not done enough to protect the u.s. economy from china's alleged currency manipulation and unfair trade practices. at each event today, mitt romney and paul ryan have been trying to thump mr. obama for his absence of leadership on this, they say. here is a sampling from earlier today at mr. romney's convenient in portsmouth, ohio. >> over the past several years, the president failed to call china a currency manipulator. he had the occasion on friday to come out with that official designation. you know what they said? we're not going to make any determination until after the election. let me tell you, on day one of my administration, i will label china a currency manipulator. >> here in ohio, that is a particularly potent attack because the manufacturing base had taken such a hit over the past few years, both in the obama economy and before. paul ryan was campaigning today in youngtown, ohio. he made the point that mr. obama has had a number of chances to take steps to crack down on china and passed on them. watch. >> the administration had their eighth chance to label c
FOX News
Oct 6, 2012 10:00am PDT
you have a job. >> jamie: given the economy is such a key issue, doug, i want to look forward to the first vice-presidential debate. without a doubt, paul ryan is a numbers guy and democrats have not even gotten a budget passed. not to mention the fact that vice-president biden is seen as making gaffe after gaffe when it comes to whether or not the last four years have been crushing for the middle class, he's had to backtrack on a couple of statements, i can't go through them all we don't have time. >> we don't have time right now. >> jamie: but what about that vice-presidential debate and what kind of difference it can make to people's thoughts about their pocket books? >> the real question that the democrats will press and certainly joe biden will press is does paul ryan and his plan for the budget represent the romney plan? we don't know. is it turning medicare into a voucher system? medicaid into a block grant? >> why does it matter, doug, as long as it makes sense? >> i'm sorry? >> why would it matter if it's also governor romney's specific plan and-- >> because that woul
MSNBC
Oct 8, 2012 6:00am PDT
this speech is about. that's the big choice that the american people have on the economy. you've got these crippling deficits, anemic jobs. you've got romney's plan to reverse that. on foreign affairs, you've got a failed foreign policy. yes, they've done more drone attacks, which is good. yes, osama bin laden is dead, which is good. but whether you deal with russia, china or throughout the broader middle east, you have a disaster. we saw that in the killing of the american ambassador in benghazi and a fundamental misunderstanding. >> i want to get to some other issues. i want to get to larger question, which is what is a romney foreign policy? what is going to be different about it than president bush's? less sort of the quote unquote freedom agenda? >> what you're going to have is a foreign policy that's been in the bipartson tradition of strength from kennedy and beyond. one that believes you need a strong economy. you need to have leadership. america's better off and the world is better off when america leads as "the washington post" editorial said today. there's a vacuum in syri
FOX News
Oct 10, 2012 4:00pm EDT
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
FOX News
Oct 11, 2012 9:00pm PDT
into an exchange about the economy. biden said look. igts in a bad shape because you, paul ryan voted for two wars that were put on a credit card then listed off a number of things then said quote i was there and voted against that. i said we can't afford that. wait a minute. joe biden voted both for auj saigs of the use of force resolution for afghanistan and plus voted for resolution to go to war against iraq. tonight on national tv said i voted against that. i said we can't afford that. but wait a minute. he voted in favor of that and both of these things i think are going to come back to haunt him. >> there is a point about libya. what he said about liba. through the state department and intelligence committee under the bus. i'll tell you where we're going see it again that, is at the presidential debate. and there is a lot of criticism of the president he's sort of late to the game in terms of identifying it as terrorism. and now, it turns out tonight as vice president a little bit of a problem with that. i think that is going to come back to haunt him. you talk about smirking and smiling. we
CNBC
Oct 8, 2012 6:00am EDT
what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is saturation information for the small number of swing voters. and even if obama beat romney by 20, 30 million, that won't make the difference. obama will have to improve his performance in the debates. >> a gallup poll has romney and obama tied at 47% each. >> that's early for gallup. >> right here. >> their daily track comes out at 1:00, but this could be a different mole. i'm not aware of this new poll. >> this is one they took afterwards. it's just -- >> i'm hearing about it for the first time. >> i think it just hit
FOX News
Oct 12, 2012 9:00am EDT
they provided points and issues on zingers and economy and debate decorum. >> mr. vice president, i know you're under a lot of duress to make up for lost ground but i think people would be better served if we don't keep interrupting each other. >> with regard to social security, we will not, we will not privatize it. if we listened to governor romney and congressman during the bush years, man where all those seniors would be now if there money had been in the market. their ideas are old and their ideas are bad and they eliminate the guaranty of medicare. >> here he is the problem. they got caught with their hands in the cookie jar turning medicare into a piggybank for obamacare. >> usually when there is a crisis we pull together. we pull together as a nation. as i said, even before we knew what happened to the ambassador the governor was holding a press conference, was holding a press conference. that is not presidential leadership. >> this is becoming more troubling by the day. they first blamed a youtube video. now trying to blame the rome rom ticket for making this an issue. with you shou
CNBC
Oct 9, 2012 9:00am EDT
when you're looking at what the economy is going to do. >> one of the things alcoa has been able to do, particularly with the ceo, is take aluminum and replace a lot of other different metals, whether it be steel in cars because it's much lighter and therefore you use less gasoline. airplanes because again it produces the gasoline use. by the way, it does construct electricity, maybe not as sufficiently in copper but it is used in china. when you look at a can, you know it is recycled over and over again. the skin of an apple ipad, i mean, aluminum has become the fundament. aluminum has been hit by football hedge funds and we have chinese people producing huge amounts of aluminum. if they would close that and let alcoa come in, then you would see a much better number from alcoa. i'm urning people not to look at the earnings per share. that is not going to be -- what you need to do when look at alcoa is look at the individual forecast that he makes. when you see him as a man of his word, this is the barometer i look at not set up by a particular group of people other than a major compan
CNN
Oct 8, 2012 1:00pm PDT
on that. so whether it's on the economy, whether it's on leadership, he's now tied with the president. as far as leadership ability is concerned. so i think romney got everything out of that debate and more. >> he certainly did. and if you take a look at -- let me put the numbers back on the screen one more time. earlier this month before the debate, romney was behind the president, the president, 51%, romney, 43%. eight-point difference. now 49% for romney, 45% for obama, a four-point spread. that's a 12-point spread in only, what, three weeks, shall we say? and clearly the major development was his strong performs at that debate. >> you know, wolf, it just shows you that voters are still really weighing the pluses and minuses of these two candidates. what i really need to see, though, to make any judgment about how this is going to really affect the election or how it has affected voters is i need to look in the battleground states, don't you think? you need to look at the battleground state of ohio. you need to look at wisconsin. you need to look at iowa. you need to look at virgin
CNN
Oct 12, 2012 3:00am EDT
this administration does -- >> let me tell you what the ayatollahs sees. he sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going into a freefall. and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. with regard to netanyahu, he's been my friend for 39 years. the president has met with him a dozen times and spoken to him as much as he's spoken to nibble. i was -- just before he went to the u.n., i was in a conference call with the president, with him talking to netanyahu for well over an hour. in stark relief and detail about what was going on. this is a bunch of stuff. look, here's the deal. >> what does that mean, a bunch of stuff? >> it's simply inaccurate. >> it's irish. >> we irish call it mularkey. last thing, the secretary of defense has made it clear, we didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what netanyahu held up was when they get to the point they can enrich uranium to put into a weapon.
FOX News
Oct 6, 2012 3:00am PDT
's not a viable business. you can't have a 5% growth in employment from household businesses in an economy that's growing at about 2 tenths of a percent per month. i think what you have basically got is a lot of very high quality unemployment masquerading as home businesses. >> what are people intimating here that the books are cooked? is that possible to do? >> it's just a flawed methodology. they call you up, they ask you if you are working. you are making a couple hundred dollars a month they say i'm working. you count as much as donald trump does. he is he working too. it's a flawed methodology that doesn't know how to deal with part-time workers that are self-employed. >> so no cooking the books, just a flawed methodology. >> i would believe my mother would love me more than i would believe that the bls would cook the books for the president of the united states. >> did your mother love you. >> she loved me. >> how could she not. >> peter morris is i, thanks so much for coming. in we appreciate it. >> see you later, guys. >> we he have a lot to tell you about because the u.s. ambassador su
CNBC
Oct 8, 2012 9:00am EDT
roadmap starts off in china. a lower economic forecast from the world bank? is their economy getting even worse? >> earnings season here begins tomorrow with alcoa, costco, jpmorgan highlighting the week. we'll tell you why alccoa is a tell on how earnings will go. >> more worries for apple investors. reported work stoppages at foxconn. the stock now below the 50-day moving average. >> and huawei is sparking new concerns about cyber security. >> we begin with markets around the globe under pressure on global slowdown worries. 7.7% growth in china down from a previous forecast of 8.2%. the world bank citing weak global demand due to the european crisis and a slow u.s. recovery. data from europe showing industrial output in germany fell .5% in august. lots to digest. the world bank note was interesting. what they pointed out was a lot of chinese cities that had these aggressive and ambitious spending, stimulus plans to rebuild the cities might have trouble running into funding for these projects. >> i think a lot of the data that we see today is catch-up. there's just not a lot of good news
MSNBC
Oct 11, 2012 7:30pm PDT
, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. thank you very much. this concludes the vice presidential debate. please tune in next tuesday for the second presidential debate at hofstra university in new york. i'm martha raddatz of abc news. i do hope all of you go to the polls. have a good evening. >> that was 90 minutes that felt like it was about nine minutes. a fast-moving intensely combative debate for the vice presidential debate this year, focused on complex substantial issues of foreign policy as much as it focused on economic and social issues, obviously they di
CNBC
Oct 8, 2012 12:00pm EDT
.s. economy shows signs of life. after two big acquisitions this year analysts say capital one's outlook should be clearing up and discover is expanding in to the payment space. two major players in that space mastercard and visa off all time highs but franchise names to own. revenue from credit card transactions moving up thanks to higher volumes and larger than average purchases. fserve growing. >> secular move in using cash instead of credit card. they went through new regulations. so, you know, the fundamentals are very strong. they are not terribly expensive. >> joe give me the best play. mastercard or visa or american express or discover. >> i like all of the above. throw in capital. >> it's not too late to jump in. >> not too late to jump in. capital one throw into the mix. fundamentals are turning there also. i think there's a lot of money own the sidelines in the financials that's pointed particularly in that direction, is going stay there. >> stephanie? >> that quarter was very strong last week and i think that the fact it's trading at a significant discount its peers gives you
CNN
Oct 12, 2012 4:00pm PDT
a million malians from their homes. we noticed a couple of pieces of good news on the u.s. economy. the read was a big jump. hit ago level we haven't seen since september of 2007, before the financial crisis and also, jpmorgan released its quarterly dimon said we believe the housing market has turned the corner. the comments from mr. dimon could be significant. it's been 435 days sibs is country lost its top credit rating. the fourth year running it exceeded the trillion dollar mark. >>> and now, our four story "outfron fourth story. jack kennedy and paul ryan. there are some things that are similar. both young, energetic, vibrant. paul ryan seems to think they have something this common, joe biden though, not so sure. in what you could say say is a vp tradition, this time, the issue was tacks. >> you can cut tax rates by 20% and still preserve these for middle class taxpayers -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it's been done a couple of times -- >> it has never -- >> reagan. >> oh, now, you're jack kennedy. >> ronald reag
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